Vietnam money to usd

Vietnam’s M&A market is forecast is expected to touch $6.5-$6.9 billion in 2018 (Photo: baodautu.vn) Hanoi (VNS/VNA) – Vietnam’s M&A market is forecast to reach 6.5-6.9 billion USD in 2018, which is lower than the 2017’s record of 10.2 billion USD. “We expect the M&A value in 2018 to decline from 2017, as this year may not have as big deal as Sabeco,” said Dang Xuan Minh, AVM Vietnam’s CEO. Vietnam’s merger and acquisition (M&A) market hit over the 10-billion-dollar landmark for the first time last year and is at the turning point to reach a new era of opportunities in the next decade. M&A value continued to rise 55 percent year-on-year to reach 3.55 billion USD in the first six months of this year. “One year ago, even very optimistic forecasts hardly envisaged the M&A boom in 2017 which thrust Vietnam’s M&A value to 10.2 billion USD, a growth of 175 percent over 2016. This is a record number, … [Read more...] about Vietnam’s M&A market declines in 2018

Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Russian Ambassador to Vietnam Konstantin Vukov. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always endorses and creates favourable conditions for Vietnamese and Russian enterprises to boost cooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11. Receiving Russian Ambassador to Vietnam Konstantin Vukov, Deputy PM Dung expressed his hope that a multitude of business and trade initiatives will be carried out between the two sides, helping develop the Vietnam – Russia Comprehensive Strategic Partnership in a deeper and more effective manner. He said he rejoiced at the fruitful partnership, particularly in the fields of economy, trade and investment. Vietnam has become the largest trade partner of Russia in the ASEAN bloc as two-way trade reached 4.5 billion USD in 2018, up 30 percent from the previous year, he said, adding that a wide range of activities have been held during the … [Read more...] about Vietnam facilitates trade with Russian firms: Deputy PM

In a letter, it said all commercial banks must review and amend their internal regulations if needed to improve safety. “Banks must ensure all their staff fully understand and implement all regulations and regularly provide them with training.” The State Bank of Vietnam has instructed all banks to improve safety of their money transactions after the Ministry of Public Security issued an international warrant for a fugitive bank executive for allegedly misappropriating nearly 11 million USD from a customer (Photo: vietnamnet.vn) The central bank also called on lenders to upgrade their technologies to improve security and work closely with authorities to provide and receive information related to frauds. “Education on money transaction should be improved for customers. Oversight and rotation of staff are very important.” It said banks must immediately report to the SBV and other related authorities when they detect a fraud or security violation, it … [Read more...] about SBV tells banks to up security after US$11-million fraud

Illustrative image (Photo: VNA) Hanoi (VNA) – The Transport Ministry disbursed 76 percent of the sum assigned by the Government in 2018, the highest rate recorded in the past three years. The rate was also higher than the national average of 66.35 percent. The figures were announced at a conference held in Hanoi on January 11 to review the ministry’s operation last year and set tasks for 2019. As heard at the function, the ministry disbursed more than 20.24 trillion VND (872.38 million USD) of more than 26.88 trillion VND (1.15 billion USD) it was tasked with in 2018. During the year, the ministry completed 27 projects worth more than 68.11 trillion VND (2.93 billion USD), and began 16 projects worth some 13.38 trillion VND (576.73 million USD). It also prepared for various major projects, including those on building the eastern section of the North-South highway, and the Long Thanh international airport, and on expanding Tan Son Nhat international airport. … [Read more...] about Transport ministry’s 2018 disbursement rate highest in 3 years

Harvesting tra fish in An Giang Province (Source: VNA) An Giang (VNA) - Tra fish breeds producers in the Mekong Delta have been urged to closely work with research institutes, universities and scientists to apply advanced farming techniques to produce high quality breeds. Tran Dinh Luan, deputy head of the Directorate of Fisheries, said that such breeds were needed to meet breeding requirements. Luan said that tracing the origin of bred fish was also important as tra fish, a freshwater fish bred in the delta, is one of the country’s top seafood exports, following shrimp. The country exported 1.8 billion USD of tra fish in the first 10 months of the year, an increase of 24 percent year-on-year, with more than 2 billion USD expected by the end of the year, according to the Ministry of Agriculture and Rural Development. China, the US and the EU are the country’s three largest tra fish importers. Tra fish breeders in the delta, the … [Read more...] about Mekong Delta uses high-tech methods to raise tra fish